Which of the following best defines a trust?

A. A trust is a large company or business combination that controls a market.

B. A trust is a large company that consists of two merged businesses.

C. A trust is a business that competes with other businesses in its market.

D. A trust is made of multiple businesses that combine and operate in one state.

Question

English

Hailie Bean

13 February, 17:16

Which of the following best defines a trust?

A. A trust is a large company or business combination that controls a market.

B. A trust is a large company that consists of two merged businesses.

C. A trust is a business that competes with other businesses in its market.

D. A trust is made of multiple businesses that combine and operate in one state.

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Answers (1)

Know the Answer?

Avery Hayes · Answer 1

A. A trust is a large company or business combination that controls a market.

A good example of a trust from history is Standard Oil Company. It was made of a bunch of different businesses that had control of the oil market. They operated almost like a monopoly, knocking out competition and driving up prices.